SolGold plc (OTCMKTS:SLGGF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $0.41 and last traded at $0.40, with a volume of 50830 shares changing hands. The stock had previously closed at $0.35.
A number of equities research analysts have recently commented on the stock. Peel Hunt reaffirmed a “buy” rating on shares of SolGold in a report on Tuesday, July 28th. Liberum Capital reaffirmed a “buy” rating on shares of SolGold in a research report on Tuesday, July 28th. Finally, Bank of America initiated coverage on SolGold in a report on Thursday, September 10th. They issued a “buy” rating on the stock.
The firm’s fifty day moving average is $0.34 and its 200-day moving average is $0.29.
SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.
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